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Turn your ideas into funds.

Your whole idea, amplified and kept in shape.

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Private alpha: only invited wallets can buy or create.

Pick an idea.

The AI build-out

BUILDOUT

“The AI build-out is just getting started.”

NVDA · MSFT · GOOGL · META · MU · 2×

BUILDOUT5 stocks

Worst 30 days: −14%

Example fund · simulated, after trading costs, before funding and fees Daily closes on one shared time axis. Funding and holder fees are excluded.+135% Apr 2 – Sep 28, 2026

Leveraged and inverse funds hold more than $300B.

We’re building a way for anyone to create one.

ProShares, from Morningstar Direct, June 30, 2026

How a fund is made.

Start with a view.

You @youBUILDOUT

The AI build-out is just getting started.

+135%over six months

Simulated · before funding & feesApr 2 – Sep 28, 2026. Recorded daily closes, after modeled trading costs and cut-backs, before funding and holder fees. This is a simulation, not a live fund or a forecast. The line uses the recorded samples without smoothing. Worst 30 days: −14%.

Give it a shape.

NVDAMSFTGOOGLMETAMUBUILDOUT
2×Gross leverage
DailyPosition reset
≈24%Cut-back trigger

Set at launch.2× gross exposure, with fixed target weights and a reset every 24 hours. An adverse move of about 24% in a leg can trigger a cut-back; a cross pool below its withdrawal line can also trigger one. Cut-backs only reduce positions. Orders still need to fill, usually after any.fund’s service sends them. A fast move can liquidate a fund before it cuts back.

Buy one share, own every position.

$1in BUILDOUT
  • NVDA$0.40
  • MSFT$0.40
  • GOOGL$0.40
  • META$0.40
  • MU$0.40

Each $1 in BUILDOUT holds $2 of five AI stocks.

Example target · 2× gross exposureThese amounts show target exposure per $1 of equity, not $2 of cash. Exposure and share value move with the markets. The fund trades perpetual positions; the share does not give you direct ownership of the underlying assets.

Winning compounds.

Each day’s gains grow the next day’s positions.

  • +238%3×
  • +135%2×BUILDOUT
  • +57%1×The stocks
Apr 2Sep 28
Example fund · simulated, after trading costs, before funding and fees · Apr 2 – Sep 28, 2026
Losses grow too.Worst 30 days · Jun 29 – Jul 29
  • 1×−7%
  • 2×−14%
  • 3×−21%
At 2×, BUILDOUT made more than twice what the stocks made at 1×. At 3×, more than four times. At a scheduled rebalance, gains increase the equity used to size positions. Losses shrink positions, and back-and-forth markets cost money. The return over a longer period is not a fixed multiple of the markets’ return. Between rebalances, the fund moves about its leverage times its markets’ combined move.

Further from liquidation.

Smaller positions leave more room for a fall.

Room left before liquidation Illustration at 2×

48% room at the startBUILDOUTNo cut-backs24% fallPositions cut back48% room again48% fallOn your own: no room leftLiquidation

All five stocks fall together

A fast move can liquidate a fund before it cuts back.Cut-backs don’t cap losses.The rule if all five fall together between rebalances, not a price path. Held on your own at 2×, a 48% fall in all five would liquidate you. BUILDOUT cuts back each time one of them falls 24% between rebalances. Then it would take another 48% fall to liquidate it. An early cut-back only lowers positions; it adds no buy allowance and does not move the scheduled rebalance. A leg’s adverse move or a cross pool below its withdrawal line can trigger it. Orders still need to fill. Rebalances and cut-backs wait for someone to send them, usually any.fund’s service.

What could go wrong.

Can it blow up?

Yes. You can lose it all.

Cut-backs reduce exposure. They don’t cap losses. A fast move can liquidate a fund before it cuts back.

Orders still need to fill. Rebalances and cut-backs wait for someone to send them, usually any.fund’s service.

Costs affect your share. Trading fees, funding and any.fund’s fee change share value. Funding can be paid or received; its rates change.

Is someone trading my money?

Its trades follow fixed rules.

No discretionary trader. Each fund has fixed weights and scheduled rebalancing. The creator holds the same shares as you and takes no creator fee.

The alpha still requires trust. Each fund trades through a contract-controlled Hyperliquid account. During the alpha, you are trusting any.fund with the money in its funds.

Can I get out?

Sell to the fund. No buyer needed.

A sale starts with a request. Your shares stay exposed until they burn and pay together, in parts if needed, at or above your minimum unless the fund closes first.

You can send the next step. If any.fund’s service stops, you can do this from your wallet. A halted market or an unconfirmed fund order still needs any.fund. A sale needs a little HYPE for gas.

Can the rules change on me?

Code changes have 48 hours’ notice.

Fund terms are set at launch. Changes to the funds’ code or to any.fund’s fee wait 48 hours on chain. A sale you’ve started may still be unpaid when a change takes effect.

Emergency actions can be immediate. any.fund can pause buys or close a fund at once to stop a problem. Holders then claim their share of the cash recovered.

Join and leave.

New buyers don’t dilute your share value.

Part of each buy stays for existing holders.

Sell back to the fund
  1. RequestA sale
  2. The fund sellsYour slice
  3. Your wallet receivesUSDC

No buyer needed. Payment is not instant.

Illustration, not to scale. Each buyer’s money buys their own slice of every position. New shares are priced from the fund’s holdings value. An entry contribution stays in the fund for its other holders. Holders gain or lose as the idea moves; more buyers do not guarantee a profit. A request starts a sale, not an instant payment. Your shares stay exposed until they burn and pay together, in parts if needed, at or above your minimum unless the fund closes first. If any.fund’s service stops, you can send your sale’s next step from your wallet. A halted market or an unconfirmed fund order still needs any.fund. A sale needs a little HYPE for gas.

Make your own.

Choose your markets and let others buy in.

Create a fund

You’ll need USDC to buy and a little HYPE for gas.

Your idea

“The AI build-out is just getting started.”

Markets & sides

NVDALongMSFTLongGOOGLLongMETALongMULong

Leverage

2×

Schedule

24h

One share · BUILDOUT
Example fund · The AI build-outCreating BUILDOUT takes about 55 USDC.

Before you buy.

Each fund trades through a contract-controlled Hyperliquid account. any.fund can change the contract after 48 hours’ onchain notice. During the alpha, you are trusting any.fund with the money in its funds.

You can lose everything you put in.

Selling, fees, rebalancing and contract changes.
Selling
Before you sign, you see the least you’ll be paid, unless the fund closes first. The fund sells your slice and pays you, in parts if it has to. Times are typical, not promised. If any.fund’s service stops, this site lets you send your sale’s next step from your own wallet. A sale needs a little HYPE for gas. A halted market or an unconfirmed fund order still needs any.fund.
Rebalancing.
Each fund rebalances to its leverage on a fixed schedule, daily or hourly, like a leveraged ETF. Between rebalances, the fund moves about its leverage times its markets’ weighted move. After a big move against it, it cuts leverage to stay clear of liquidation, though a sudden move can still liquidate it; its page shows how big a move. Rebalances and cut-backs wait until someone sends them, usually any.fund’s service.
Costs
No creator fee. any.fund’s fee on what a fund trades can’t pass 0.1%, and any change is queued on chain 48 hours ahead. The amounts paid to holders on buys and sells stay in the fund. Trading fees go to Hyperliquid and market operators. Funding is paid to or received from traders on the other side; rates change. Both change share value. Charged now: not reported.
Changes
Each fund’s terms are set at launch. Changes to the funds’ code or to any.fund’s fee (at most 0.1% of what a fund trades) wait 48 hours on chain, and a sale you’ve started may still be unpaid when one takes effect. To stop a problem, any.fund can pause buys or close a fund at once; holders then claim their share of the cash recovered.
Risk
Leverage cuts both ways, and cut-backs don’t cap losses. A fast move can liquidate a fund before it cuts back.
Alpha
The contracts don’t check that rule.

You’ll need USDC to buy and a little HYPE for gas.

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